Agnico-Eagle to Buy Prism Resources' 7.5% Ontario Royalty for C$5 Million

Dow Jones06-04 20:50

By Adriano Marchese

Agnico-Eagle Mines has agreed to acquire Prism Resources' 7.5% net profit interest royalty on certain Agnico-owned properties in Ontario.

The Canadian mining company said it will pay 5 million Canadian dollars ($3.6 million) in cash for Prism's right, title and interest in the royalty covering properties in the Porcupine Mining District.

Agnico noted that the transaction doesn't involve acquiring any shares in Prism, and its stake in the company remains at 11.07%.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 04, 2026 08:50 ET (12:50 GMT)

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